Investors bought shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) on weakness during trading hours on Monday. $58.45 million flowed into the stock on the tick-up and $14.19 million flowed out of the stock on the tick-down, for a money net flow of $44.26 million into the stock. Of all equities tracked, Scripps Networks Interactive had the 8th highest net in-flow for the day. Scripps Networks Interactive traded down ($0.36) for the day and closed at $85.35
SNI has been the topic of a number of recent analyst reports. BidaskClub cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Royal Bank of Canada set a $90.00 price target on shares of Scripps Networks Interactive and gave the company a “hold” rating in a report on Friday, October 20th. Cowen reiterated a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a report on Friday, September 8th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Scripps Networks Interactive in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. Scripps Networks Interactive presently has a consensus rating of “Hold” and an average price target of $85.62.
The firm has a market cap of $11,080.00, a PE ratio of 18.39, a P/E/G ratio of 2.16 and a beta of 1.45. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90.
The business also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. Scripps Networks Interactive’s dividend payout ratio is currently 12.88%.
In related news, Director Michael R. Costa sold 18,955 shares of Scripps Networks Interactive stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the transaction, the director now directly owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Sagansky sold 1,077 shares of Scripps Networks Interactive stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.61, for a total transaction of $85,739.97. Following the transaction, the director now directly owns 7,520 shares of the company’s stock, valued at $598,667.20. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in SNI. Pentwater Capital Management LP purchased a new stake in Scripps Networks Interactive in the 3rd quarter valued at about $310,922,000. Cowen Inc. bought a new stake in shares of Scripps Networks Interactive in the 3rd quarter valued at about $223,568,000. Alliancebernstein L.P. raised its holdings in shares of Scripps Networks Interactive by 1,107.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock valued at $142,373,000 after purchasing an additional 1,911,635 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Scripps Networks Interactive in the 3rd quarter valued at about $149,660,000. Finally, Alpine Associates Management Inc. bought a new stake in shares of Scripps Networks Interactive in the 3rd quarter valued at about $143,032,000. 60.86% of the stock is owned by institutional investors.
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About Scripps Networks Interactive
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.
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